REGULATION OF AIRPORT CHARGES



The CAA is responsible for setting maximum airport charges using a regulatory formula. These charges are levied on aircraft operators for the landing, parking and taking off of aircraft. Charges are levied on passengers about their arrival or departure from the airport by air.

The regulatory formulae specify maximum charges in US Dollars for landing fees, aircraft parking charges, passenger service charges, landing bridge charges and security charges individually. Annual increases are linked to the increase in the United States Consumer Price Index. The formula will be reset at five-year intervals.

When conducting the five-yearly review, the CAA will be guided by developing knowlege and experience of utility regulation knowledge worldwide. In particular its underlying view is that airport users will be best served by a system of economic regulation that encourages and enables airports to deliver quality service as efficiently as possible and at reasonable prices.